SIBBE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SIBBE
Largest movements
- Tangible fixed assets -€33,594
down €33,594 (-13.8%), from €242,727 to €209,134
of which Furniture and vehicles: -€25,674
- Cash -€15,985
down €15,985 (-23.8%), from €67,190 to €51,205
mainly Contributions, distributions and other (-€33,576) and Debts after one year (-€21,188)
- Receivables within one year +€4,989
up €4,989 (+16.7%), from €29,913 to €34,902
of which Trade receivables: +€8,828
- Debts after one year -€21,188
down €21,188 (-14.8%), from €143,619 to €122,431
- Other debts -€14,363
down €14,363 (-27.4%), from €52,392 to €38,029
- Trade debts -€9,273
down €9,273 (-44.1%), from €21,009 to €11,736
- Gross operating margin -€3,354
down €3,354 (-3.5%), from €95,964 to €92,610
- Staff costs -€2,399
down €2,399 (-99.1%), from €2,420 to €21
- Other operating charges +€1,319
up €1,319 (+83.3%), from €1,584 to €2,902
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €354,415 | €311,977 | -€42,438 | -12.0% |
| Fixed assets | 21/28 | €242,727 | €209,134 | -€33,594 | -13.8% |
| Tangible fixed assets | 22/27 | €242,727 | €209,134 | -€33,594 | -13.8% |
| Land and buildings | 22 | €160,689 | €154,128 | -€6,560 | -4.1% |
| Plant, machinery and equipment | 23 | €8,399 | €7,040 | -€1,359 | -16.2% |
| Furniture and vehicles | 24 | €73,639 | €47,965 | -€25,674 | -34.9% |
| Current assets | 29/58 | €111,688 | €102,843 | -€8,845 | -7.9% |
| Stocks and contracts in progress | 3 | €14,585 | €16,736 | +€2,151 | +14.7% |
| Stocks | 30/36 | €14,585 | €16,736 | +€2,151 | +14.7% |
| Amounts receivable within one year | 40/41 | €29,913 | €34,902 | +€4,989 | +16.7% |
| Trade receivables | 40 | €24,757 | €33,585 | +€8,828 | +35.7% |
| Other amounts receivable | 41 | €5,156 | €1,317 | -€3,839 | -74.5% |
| Cash at bank and in hand | 54/58 | €67,190 | €51,205 | -€15,985 | -23.8% |
| Total equity and liabilities | 10/49 | €354,415 | €311,977 | -€42,438 | -12.0% |
| Equity | 10/15 | €105,765 | €105,765 | = | 0.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €105,265 | €105,265 | = | 0.0% |
| Distributable reserves | 133 | €105,265 | €105,265 | = | 0.0% |
| Amounts payable | 17/49 | €248,650 | €206,212 | -€42,438 | -17.1% |
| Amounts payable after more than one year | 17 | €143,619 | €122,431 | -€21,188 | -14.8% |
| Financial debts | 170/4 | €143,619 | €122,431 | -€21,188 | -14.8% |
| Amounts payable within one year | 42/48 | €104,172 | €82,922 | -€21,250 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €20,501 | €21,188 | +€687 | +3.4% |
| Trade debts | 44 | €21,009 | €11,736 | -€9,273 | -44.1% |
| Suppliers | 440/4 | €21,009 | €11,736 | -€9,273 | -44.1% |
| Taxes, remuneration and social security | 45 | €10,270 | €11,969 | +€1,699 | +16.5% |
| Taxes | 450/3 | €10,270 | €11,969 | +€1,699 | +16.5% |
| Other amounts payable | 47/48 | €52,392 | €38,029 | -€14,363 | -27.4% |
| Accrued charges and deferred income | 492/3 | €859 | €859 | = | 0.0% |
| Non-recurring operating income | 76A | €205 | - | -€205 | |
| Remuneration, social security and pensions | 62 | €2,420 | €21 | -€2,399 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,378 | €42,558 | -€820 | -1.9% |
| Other operating charges | 640/8 | €1,584 | €2,902 | +€1,319 | +83.3% |
| Gross operating margin | 9900 | €95,964 | €92,610 | -€3,354 | -3.5% |
| Operating profit (loss) | 9901 | €48,582 | €47,129 | -€1,453 | -3.0% |
| Financial income | 75/76B | €394 | €288 | -€106 | -26.8% |
| Recurring financial income | 75 | €394 | €288 | -€106 | -26.8% |
| Financial charges | 65/66B | €5,332 | €4,494 | -€838 | -15.7% |
| Recurring financial charges | 65 | €5,332 | €4,494 | -€838 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €43,644 | €42,923 | -€721 | -1.7% |
| Income taxes | 67/77 | €9,530 | €9,348 | -€182 | -1.9% |
| Profit (loss) for the period | 9904 | €34,114 | €33,576 | -€539 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,114 | €33,576 | -€539 | -1.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.